v3.26.1
Stock-based Compensation (Tables)
3 Months Ended
Apr. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Classification of Stock-based Compensation

The following table presents the classification of stock-based compensation for the periods indicated:

 

 

 

Three Months Ended April 30,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Stock-based compensation:

 

 

 

 

 

 

Cost of revenue

 

$

783

 

 

$

951

 

Research and development

 

 

13,714

 

 

 

17,585

 

Selling, general and administrative

 

 

7,396

 

 

 

7,594

 

Total stock-based compensation

 

$

21,893

 

 

$

26,130

 

Weighted-Average Assumptions Used to Estimate Fair Value

The following table sets forth the weighted-average assumptions used to estimate the fair value of employee stock purchase plan awards for the periods indicated:

 

 

 

Three Months Ended April 30,

 

 

 

2026

 

 

2025

 

Employee stock purchase plan awards:

 

 

 

 

 

 

Volatility

 

 

66

%

 

 

54

%

Risk-free interest rate

 

 

3.72

%

 

 

4.29

%

Expected term (years)

 

0.5

 

 

0.5

 

Dividend yield

 

 

0

%

 

 

0

%

Stock Option Activities

The following table summarizes stock option activities for the period indicated:

 

 

 

Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Intrinsic

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

Value Of

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

 

Weighted-

 

 

Average

 

Options

 

 

Contractual

 

 

Intrinsic

 

 

 

 

 

 

Average

 

 

Grant-date

 

Exercised

 

 

Term

 

 

Value

 

 

 

Shares

 

 

Exercise Price

 

 

Fair Value

 

(in thousands)

 

 

(in years)

 

 

(in thousands)

 

Outstanding at January 31, 2026

 

 

159,912

 

 

$

52.48

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(51,170

)

 

 

41.39

 

 

 

 

$

1,012

 

 

 

 

 

 

 

Outstanding at April 30, 2026

 

 

108,742

 

 

 

57.70

 

 

 

 

 

 

 

 

2.59

 

 

$

1,642

 

Exercisable at April 30, 2026

 

 

108,742

 

 

$

57.70

 

 

 

 

 

 

 

 

2.59

 

 

$

1,642

 

Restricted Stock Unit Activities

The following table summarizes restricted stock unit activities for the period indicated:

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

 

 

 

 

Grant-Date

 

 

 

Shares

 

 

Fair Value

 

Unvested at January 31, 2026

 

 

2,621,997

 

 

$

71.46

 

Granted

 

 

663,259

 

 

 

64.00

 

Vested

 

 

(465,859

)

 

 

72.53

 

Forfeited

 

 

(58,757

)

 

 

68.45

 

Unvested at April 30, 2026

 

 

2,760,640

 

 

$

69.55